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Searched Tag: significant beneficial owner sbo
The Ministry of Corporate Affairs (MCA) of India has fined LinkedIn India, its CEO Satya Nadella, and eight other individuals for violating Significant Beneficial Owner (SBO) norms under the Companies Act, 2013.

LinkedIn, CEO Nadella fined for SBO violation

May 23, 2024, 12:29 PM - 2 min read

The Registrar of Companies (RoC) for Delhi and Haryana, the MCA's enforcement arm, issued a 63-page order detailing the violations. According to the RoC, LinkedIn India and its officers failed to comply with SBO disclosure requirements, resulting in penalties totaling Rs 27,10,800.

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